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On December the fourth, a coming together of great minds was seen at Arian Cymru’s ‘Alternative financial institutions for Wales’ event at Chapter. Nick Ryder, Robin Brownsell and Akmal Hanuk shared their expert knowledge and spoke with clarity about the current financial state of affairs and how Wales can come up with its own sensible solutions to these problems.

Our gratitude also to Rita Singh of Cynnal Cymru who was a perfect host and who did great work in keeping the discussion on track. There was also a heartening amount of enthusiasm and interest from the audience members.

Many thanks to the three speakers who traveled from near and far, to the host Rita and to everyone who attended.

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Arian Cymru – Banking and Economic Regeneration Wales Event – September 26th 2013

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On September 26th, the Arian Cymru ‘BERW’ (Banking and Economic Regeneration Wales) event was held at the Wales Millennium Centre in Cardiff with Marc Armstrong of the Public Banking Institute USA, Ann Pettifor  of Prime Economics, leader of Plaid Cymru Leanne Wood and leader of the Wales Green Party Pippa Bartolotti. Discussions especially focused on the increasing calls for a Public Bank of Wales.

The event was a great success and we have been very pleased with the positive feedback. We are very grateful to all the speakers who spoke eloquently and with conviction and we hope Ann and Marc, who had traveled from London and California DSC_0023respectively, enjoyed their stay at the great Jolyons hotel in Cardiff bay (surely one of the best pizzas in Cardiff!?) We would also very much like to thank everyone who traveled from far and wide to attend this event, many of whom also took part in the question and answer session at the end. We very much hope that the discussion on a Public Bank can now produce some tangible and meaningful change for the better. Below is the full video of the BERW event:

 

The night before the event in Cardiff, Arian Cymru helped arrange Marc to be on the Keiser Report. Watch it here from 14:30 onwards:

The event was kindly sponsored by PCS Cymru Wales, All Wales Credit Union Forum (ABCUL), Cambria Chambers and Magma Design Agency:

pcs cymruABCUL logo-page-001

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Gyda diolch mawr i / With thanks and in association with:

http://publicbankinginstitute.org/
http://www.primeeconomics.org/
http://www.plaidcymru.org/
http://wales.greenparty.org.uk/

Many thanks to Neil Turner for his great photographs.
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The XVI Welsh Economy Research Unit Conference: Rethinking Prosperity and Place’ – September 19th 2013

Justin Lilley of Arian Cymru appeared  in a panel debate at Cardiff Business School for the Future of the Welsh Economy on September 19th chaired by Lee Waters.This was part of a day long conference titledThe XVI Welsh Economy Research Unit Conference: Rethinking Prosperity and Place’ and was held at the Julian Hodge Building at Cardiff University. The event was hosted in conjunction with the Cardiff Business School and Federation for Small Businesses

Details of the day’s events can be found here: http://www.iwa.org.uk/en/events/view/227

This was a great event hosted by the very capable Calvin Jones (Jeremy Kyle eat your heart out) and Max Munday and attended by all of us at Arian Cymru. Thanks to everyone who took the time to talk with us. Despite figures that reveal a gloomy picture in Wales there was a determined optimism about the attendees with a lot of people discussing the need for strong leadership, effective policy and a more innovative and entrepreneurial strategy to generate both external and internal investment through public banking or other means to help Wales thrive as a productive exporting nation.

Sadly there were no Welsh AM’s or any representatives from the Welsh Government present to respond to the clear dissatisfaction with Wales’ current approach to the above as well as to renewable energy, education and construction in Wales. So many highlights of the day which included  Rob Chapman, McGregor Faulkner, Dr. Rachel Bowen, Chris Blake, Dr. Jane Bryan of the Welsh Economy Research Unit, Prof Dave Adamson, Dr Adrian Healey and Gareth Clubb.

James Meadway’s Towards A Welsh Industrial Strategy talk was also a great introduction to the Welsh economy in general. The original paper commissioned by the TUC can be found here. Click on Wales » Blog Archive » Wales needs an industrial strategy built on localism

http://www.clickonwales.org/ 

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On May 29th, Justin Lilley and Dr Ian Jenkins made a well received presentation at the Temple of Peace, Cardiff and district branch of the United Nations Association. Ian and Justin put forward the case for monetary regeneration and reform in Wales, Britain and elsewhere, as well as for a public bank of Wales which would positively boost the Welsh economy.

The Bank of North Dakota, Public Banking Institute USA and the success of public banking in the BRICS countries were also cited as good sources of inspiration for Wales and its future economic stability. Arian Cymru are affiliate members of the Cardiff and district UNA branch and support all the great work they do in enabling discussion for a better Wales and a better world.

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May 10th Transforming Finance Conference attended by Dr. Ian Jenkins.

Watch videos from the conference here

 

Transforming Finance is a coalition project led by Friends of the Earth, which draws on the expertise and support of a broad alliance of think tanks and NGOs with an interest in making finance work for people and planet, including the New Economics FoundationShareAction (formerly Fair Pensions), CivitasResPublica, the World Development MovementPositive Money and Finance Lab.

The conference was generously supported by

We aimed to improve understanding and debate around a range of positive proposals designed to:

  1. prevent asset price bubbles, debt crises and state bailouts of financial institutions
  2. get finance into projects with long-term social and environmental value

Topics on the table for discussion included:

  • measures to end the implicit state subsidy for banks which are Too Big to Fail, worth over £100 billion per year, according to Bank of England estimates.
  • measures to support the proliferation of locally head-quartered and mutually-owned banks, which have a better track record of supporting small business & local economies
  • Increases in transparency which could allow savers to know (and act) if their savings are being invested in environmentally or socially damaging projects
  • clarification of the legal ‘fiduciary duty’ to ensure that ‘beneficiary interest’ is not interpreted simply as short-term maximisation of returns
  • innovative strategic stimulus ideas such as Green Quantitative Easing
  • more strategic state guidance over the process of credit-creation to prevent banks creating money for destabilizing speculative purposes.
  • the potential for growth in innovative and ‘bottom up’ models for raising finance, such as peer-to-peer and crowd-funding
  • capital controls, debt audits and debt cancellation

You can download a PDF summary of discussions here, find the results of the live audience voting here, or browse the full programme here.

For updates about future events, please subscribe to the 
Transforming Finance mailing list

Results from voting can be found here